French President-elect Emmanuel Macron begins official duties at WWII ceremony

The German Bundesbank presents the new 50 euro banknote at it's headquarters in Frankfurt

Macron handily defeated far-right National Front leader Marine Le Pen in Sunday's presidential runoff, and now must pull together a majority of lawmakers for his year-old political movement to run in the mid-June legislative election.

The president-elect will officially take over from his former boss on Sunday as France's youngest-ever president.

Chief Cabinet Secretary Yoshihide Suga said Tokyo is determined to strengthen its ties with Paris under the leadership of Macron to work together on global issues. Other indexes across Europe also dipped, while the euro, which briefly hit a six-month high above $1.10 overnight, was down 0.7 percent at $1.0924.

"He has been reporting on the French election from the start and has had direct access to Macron and many on his team, making him perfectly positioned to get to the bottom of who Macron is, and what he might plausibly achieve as president of France". He shed his breezier campaign demeanor for a solemn, more statesman-like look in his first appearances after his victory and again Monday, at a sober ceremony with Hollande to commemorate Germany's defeat in World War II.

If another party wins a majority, Macron could be pressured to choose a prime minister from that party, a situation the French call "cohabitation".

Carlos Ghosn, chairman of both companies, has said that the two companies would not merge as long as the French government remains a Renault shareholder. While Mr. Macron won a decisive victory over Le Pen, it is important to note that Madame Le Pen received 34 percent of the votes or the support of nearly 11 million people and everybody who supported her or did not, knew that her top agenda was to leave the European Union.

"If Macron fails, then the next president will be Marine Le Pen and we need to prevent this at all costs", he added. Many voters backed him reluctantly, simply to keep out Le Pen's extremism.

The National Front's interim president says those changes include giving the party a new name.

Macron won an estimated 65 percent of the vote.

A senior official at a major Japanese automaker also welcomed Macron's victory, which means that France, a key member of the European Union, will maintain its pro-EU stance.

The National Front also geared up for a name change - if not a makeover of its ideas - after Le Pen's decisive loss.



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